See Home Value
$2,516,000 - $3,074,000
House - Off Market

140 S Martel Ave

Los Angeles, CA 90036
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3382 Sqft
Sold Jan 08, 2024
$2,765,000
Sold Sep 24, 2002
$887,000
$650,000 by First Nationwide Mtg Corp
Mortgage Due Oct 01, 2032

About This Property

Hedged and gated, this updated 1930s Spanish home embodies California living. Awash in bougainvillea, enter through the courtyard and into the foyer, anchored by a stunning curved staircase. With plenty of original architectural details, the sunken living room features high, beamed ceilings, a tile fireplace, and a large leaded window, allowing for streams of soft, dappled light. A formal dining room leads into the airy, updated gourmet chef's kitchen, complete with a breakfast area and workspace, opening seamlessly to the family room with French doors to the backyard. An ensuite paneled bedroom and powder room round out the first floor. Upstairs, a light-filled landing leads to the oversized primary suite, featuring two walk-in closets, a renovated bathroom with double vanities, and a covered balcony. Three additional bedrooms, two baths, ample closet space, and a laundry area create the perfect floor plan. Outside, enjoy the lush, grassy backyard with fruit trees, a sparkling pool, and a bonus space attached to the two car garage. Located on a quiet, tree-lined street, this home is within easy reach of some of the city's best shops, restaurants, museums, and parks.

The manager has listed the unit size as 3382 square feet.
Unit Size
3,382Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$826
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1932

Price History

Date / Event Date Event Price
Jan 8, 2024 Sold to Luigi Picarazzi $2,765,000
Sold to Luigi Picarazzi
Jan 7, 2024 No longer available -
No longer available
Dec 7, 2023 Listed $2,795,000
Listed
Dec 1, 2023 No longer available -
No longer available
Nov 29, 2023 Price Decreased $2,950,000
↓ $199K (6.3%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Spanish
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 8,225
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,382
  • Building Area: 3,382
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 3,382
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 7372
  • Land Acres: 0.189
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 7372 LOT/SEC 196

Ownership

  • Current Owner : PICARAZZI LUIGI
  • Previous Owner : ADAM D GILBERT TRUST
  • Owner Before Previous Owner: BRADY JORDAN L
  • Owner Before Previous Owner 2: BRADY CHERYL BAYER
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 214000

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 34-A6
  • Subdivision Tract Number: 7372
  • Parcel: 5512-015-026
  • Lot: 196
  • Municipality: WEST /WEST HOLLYWOOD
  • Latitude: 34.0723
  • Longitude: -118.351

    Address

  • Full Address: 140 S Martel Ave
  • Address - House Number: 140
  • Street Direction: S
  • Address - Street Name: Martel
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C013
  • 4-Digit Zip Code: 2714
  • Zip Code: 90036

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,618
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 96
  • Final Value: 3,089,306
  • High Value: 3,298,644
  • Low Value: 2,879,968

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,422,364
  • Assessed Land Value: $808,661
  • Assessed Improvements Value: $613,703

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 22, 2023
  • Current Sale Recording Date: Jan 08, 2024
  • Current Sale Transaction ID: 11918677902
  • Current Sale Price: $2,765,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 13299
  • Previous Sale Recording Date: Sep 24, 2002
  • Previous Sale Contract Date: Aug 22, 2002
  • Previous Sale Amount: $887,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: FIRST NATIONWIDE MTG CORP
  • Previous Mortgage Transaction Date: Sep 24, 2002
  • Previous Mortgage Loan Amount: $650,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Oct 01, 2032



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
3 Baths
3,039 ft²
$854/ft²
$2,595,000 Nov 6, 2023
-
-
House
4 Beds
3 Baths
2,704 ft²
$1,034/ft²
$2,795,000 Apr 4, 2023
-
-
House
4 Beds
5 Baths
2,339 ft²
$1,280/ft²
$2,995,000 Oct 28, 2023
-
-
House
4 Beds
3 Baths
2,356 ft²
$1,061/ft²
$2,499,000 May 1, 2023
-
-
House
3 Beds
2.5 Baths
2,359 ft²
$1,168/ft²
$2,755,000 Jan 15, 2024
-
-
House
3 Beds
3 Baths
2,323 ft²
$1,162/ft²
$2,699,000 Aug 16, 2023
-
-
House
3 Beds
2 Baths
2,306 ft²
$995/ft²
$2,295,000 Jan 5, 2024
-
-
House
3 Beds
2 Baths
1,795 ft²
$1,574/ft²
$2,825,000 Jan 18, 2024
-
-
House
8 Beds
7.5 Baths
5,989 ft²
$551/ft²
$3,299,000 Aug 4, 2023
-
-
Other
Loft
-
5,340 ft²
$468/ft²
$2,500,000 Jan 7, 2024
-
-
Land
Loft
-
-
$2,495,000 Sep 26, 2023
-
-

About Central LA


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Frequently Asked Questions

When was property at 140 South Martel Avenue built and last sold?
The property at 140 South Martel Avenue was built in 1932 and last sold on Dec 22, 2023 for $2,765,000.
How much is this home worth?
The estimated value of the home located at 140 South Martel Avenue is $2,822,950.
What are some comparable homes to 140 South Martel Avenue?
Homes that are comparable to 140 South Martel Avenue include a house property at 501 South Crescent Heights Boulevard, 720 North Orange Grove Avenue, 542 North McCadden Place.

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